Bitcoin Bottom or Bull Trap? 30,000 Wallets Exit as $72,500 Risk Grows
BTC when published $80,203Now $80,617 ▲ +0.52% since it was published
Bitcoin’s loss of 30,000 funded wallets has created a market paradox, as declining retail participation coincides with mounting warnings of another selloff. Consequently, the contrasting signals raise questions about whether investors are witnessing seller exhaustion that could establish a market bottom or continued weakness pointing to further losses. Santiment reported October 26 that Bitcoin had approximately 59.95 million non-empty addresses, down 30,000 since October 16. Its findings suggest discouraged smaller holders may be withdrawing after prolonged stagnation. The count measures funded blockchain addresses, rather than individuals, making it an indirect indicator of shifts in retail behavior. Yet BTC traded near $80,000 on Monday after touching roughly $79,332. That decline leaves price analysis confronting two competing readings: seller exhaustion and a weakening technical structure.
First reported by Blockonomi. This page is a short excerpt; the full text is theirs.
